Sephora Fuels LVMH’s Growth Despite Global Economic Hurdles
LVMH, in its Q1 2026 financial report released on April 13, disclosed that beauty retailer Sephora remains a consistent high-performer for the luxury conglomerate. This is despite a 6% overall revenue dip on a reported basis to €19.1 billion. The Selective Retailing division of the company, home to Sephora, posted a robust 4% organic growth, raking in revenue of €4.05 billion.
“Sephora continued to grow in the first quarter, despite a demanding comparison basis,” Rodolphe Ozun, LVMH’s Director of Financial Communications, stated during the earnings call. He noted that the beauty retailer sustained momentum across key global markets, with North America standing out due to increased store traffic and basket sizes.
LVMH CFO Cécile Cabanis underscored Sephora’s unique positioning in the fiercely competitive beauty retail landscape. “We continue to gain market share,” she pointed out, attributing this to the retailer’s unique model that combines exclusive brand partnerships with personalized beauty consultation services. This performance mirrors the healthy demand for beauty products across various geographies, notwithstanding macroeconomic challenges and a 7% negative currency impact that affected LVMH’s overall results.
Source: Global Cosmetics News